[Where Did You Gold?] Gold Price Confirmed That Fell Below The Key Level, Today May See A Further Drop Of $20.
Kuala Lumpur 10 a.m. (GMT+8) - In the early Asian market, spot gold prices has been trading under pressure around $1,897. On the latest gold price movement today, Economies.com wrote a brief analysis as follows:
![[Where Did You Gold?] Gold Price Confirmed That Fell Below The Key Level, Today May See A Further Drop Of $20.](https://socialstatic.fm-cdn.com/social/202010/d4fea4a60df245b999587bc12147c188.png?x-oss-process=image/quality,q_70/format,jpeg)
Illustration photo of Gold H4 Chart from Economies.com
On Friday (23/10/2020), gold price faced negative pressure and went below the key level of 1901.80 level when the market closed, we expect the downward trend to continue.
The site also pointed out the near-term outlook of the yellow metal remains sluggish, it may head towards the level of $1875.00 first, then followed by $1860.90 as the next downward trend target level.
For more information please refer to the original article:https://www.economies.com/comm...
Edited 26 Oct 2020, 10:45
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